2009 Senate Bill 189

Require disclosures by tax refund anticipation loan providers

Introduced in the Senate

Feb. 4, 2009

Introduced by Sen. Samuel B. Thomas (D-4)

To require providers of tax refund anticipation loans to disclose various items to customers, including that these transactions are an extension of credit, that there is no guarantee that the full amount claimed will be refunded, the full interest rate on these loans, and more.

Referred to the Committee on Banking and Financial Institutions